Electroneum (ETN) is a blockchain-based cryptocurrency launched in November 2017, designed with a strong focus on mobile accessibility and real-world utility. Built on its own independent blockchain, Electroneum leverages Proof of Work (PoW) consensus and the CryptoNight hashing algorithm to secure its network and enable decentralized mining. With a maximum supply capped at 21 billion coins and a current circulating supply of 18 billion, ETN ranks among the notable mineable cryptocurrencies in the digital asset space.
As of today, the current price of Electroneum (ETN) stands at $0.00146**, reflecting a **-2.34% decline** over the past 24 hours. The coin opened the day at $0.00150, marking a slight drop of -2.58%. Despite short-term volatility, ETN continues to trade across 12 active exchanges, with a 24-hour trading volume of $5.1 million**, representing the exchange of over 3.48 billion ETN tokens.
Market Performance and Price Trends
Over the last month, Electroneum has seen notable fluctuations. The coin is down -26.12% from its 30-day high and -10.52% from its 7-day peak. However, it has recovered slightly from recent lows—up 2.68% from the 30-day minimum and down only -1.62% from the 7-day low.
Looking at longer-term performance, ETN reached its all-time high (ATH) on January 7, 2018, when it surged to $0.182123**—a level it has yet to reclaim. Since then, nearly seven and a half years have passed, and the current price reflects a significant decline from that peak. That said, the present value of $0.00146 is still 11.72% above** its post-ATH low of $0.001309.
In the past 52 weeks, Electroneum's price has ranged between $0.00132** (lowest) and **$0.00562 (highest), indicating a highly volatile but potentially opportunistic market for traders and long-term holders alike.
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Technical Outlook and Key Price Levels
From a technical analysis perspective, sustaining above $0.00145** is crucial for Electroneum’s near-term bullish momentum. If the price holds this support level, it may pave the way toward the first major resistance at **$0.00200—a roughly 37% increase from current levels.
A successful breakout above $0.00200 could propel ETN toward the next resistance zone at **$0.00240, followed by a third key level at $0.00274**. Reaching these targets would signal renewed investor confidence and potentially attract increased trading volume.
However, failure to maintain support at $0.00145 might lead to further downside pressure, especially if broader market sentiment turns bearish or trading activity remains subdued.
Market Capitalization and Competitive Positioning
Electroneum currently holds a market capitalization of approximately $26 million, placing it at #587 among all cryptocurrencies by market cap ranking. While this positions ETN as a smaller-cap asset, it also highlights its niche presence in specific blockchain categories:
- Payments: #53
- Mobile: #5
- Wallet: #17
- Premine: #7
- Finance / Banking: #18
- Layer 1 (L1): #97
- Mineable Coins: #35
These rankings underscore Electroneum’s unique positioning—particularly in mobile-first financial solutions and accessible mining opportunities.
The fully diluted valuation (FDV), calculated using the maximum supply of 21 billion ETN coins, stands at around $30.66 million at current prices. This metric helps investors assess potential future market cap if all tokens enter circulation.
Compared to other cryptocurrencies launched in 2017, Electroneum's average daily trading volume of $5 million is slightly below the category average of $6 million across 445 similar projects—indicating room for growth in liquidity and market engagement.
Electroneum ICO: A Retrospective
Electroneum successfully concluded its Initial Coin Offering (ICO) in October 2017 after raising $40 million in funding—a significant achievement during the early wave of blockchain crowdfunding.
Key ICO details:
- ICO Start Date: September 13, 2017
- ICO End Date: October 30, 2017
- ICO Token Price: $0.00350 per ETN
- Funds Raised: $40,000,000
- Target Tokens Sold: 39,930,000
Investors who participated in the ICO have experienced a substantial depreciation in value. At today’s price of $0.00146, ETN trades at just **41.78%** of its original ICO price. This means a $100 investment during the ICO would now be worth approximately $41.78.
Despite this drawdown, the project has continued development efforts focused on mobile monetization and inclusive financial tools—particularly targeting emerging markets where smartphone adoption outpaces traditional banking access.
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Blockchain Technology and Mining Ecosystem
Electroneum operates as a Proof of Work (PoW) blockchain, utilizing the CryptoNight algorithm—a privacy-oriented hashing function known for its resistance to ASIC mining, promoting fairness among individual miners.
New ETN coins are generated through mining, with rewards distributed for each validated block. With a maximum supply of 21 billion ETN, approximately 3 billion coins remain unmined, offering ongoing incentives for miners to support network security.
This mineable model differentiates Electroneum from pre-mined or staking-only blockchains and reinforces decentralization principles. Additionally, Electroneum has developed mobile mining applications in the past—though their economic viability has been debated—to lower barriers to entry for non-technical users.
Frequently Asked Questions (FAQ)
Q: What is Electroneum (ETN)?
A: Electroneum is a mineable cryptocurrency built on its own blockchain, designed to promote financial inclusion through mobile-first solutions and accessible mining tools.
Q: How many Electroneum coins are in circulation?
A: As of now, there are 18 billion ETN coins in circulation, with a maximum supply capped at 21 billion.
Q: Can I still mine Electroneum?
A: Yes, Electroneum uses Proof of Work and the CryptoNight algorithm, allowing users to mine ETN via compatible software and hardware setups.
Q: Where can I buy Electroneum (ETN)?
A: ETN is listed on 12 cryptocurrency exchanges globally, enabling trading against major pairs like BTC and USDT.
Q: What was Electroneum’s ICO price?
A: The token was sold at $0.00350 during its September–October 2017 ICO, raising $40 million in total.
Q: Is Electroneum a good long-term investment?
A: While currently trading well below its all-time high, ETN’s focus on mobile payments and financial access in underserved regions may present long-term potential if adoption grows.
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Final Thoughts
Electroneum remains a distinctive player in the cryptocurrency ecosystem—not because of market dominance, but due to its targeted mission of bridging blockchain technology with everyday mobile users. Though price performance since its 2018 peak has been disappointing for early investors, the underlying vision of accessible digital finance continues to resonate in regions with limited banking infrastructure.
For traders and analysts, key watch levels include the $0.00145 support and resistance targets at $0.00200 and beyond. For long-term observers, adoption metrics, mining activity, and strategic partnerships will be critical indicators of future relevance.
As always in crypto, due diligence is essential—especially for mid-tier assets like ETN where visibility and volume can fluctuate significantly.
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